Taylor Wimpey shares slipped 0.1% to 103.8 pence on Thursday following a warning that its operating profit margin in 2026 will fall short of the 11% projected for 2025. The British homebuilder also cut its 2025 operating profit forecast to around £420 million. CEO Jennie Daly noted that while planning reforms are boosting permissions, demand “continues to be muted,” particularly among first-time buyers. The company reported 2025 revenue rising to roughly £3.8 billion on 11,229 completions, with the year-end order book down to £1.864 billion and net cash at £343 million. It expects 2026 to be more weighted toward the second half. Shares earlier dipped to 98.5 pence.